Ordnance Factory Board signed a MoU for a Joint Venture with Rosoboronexport, Russia

International Current Affairs August 2012. Ordnance Factory Board on 27 August 2012 signed a Memorandum of Understanding for a Joint Venture with M/s Rosoboronexport, Russia

Created On: Aug 29, 2012 16:55 IST

Ordnance Factory Board on 27 August 2012 signed a Memorandum of Understanding for a Joint Venture with M/s Rosoboronexport, Russia and M/s Splav “SPA”, Russia to manufacture five versions of Smerch Rockets based on the technology received from Russia. The MoU was signed in New Delhi. The Smerch Rockets are technologically superior having a range of 70-80- kms. With formation of this Joint Venture, the Indo-Russian Friendship will be strengthened.

After indigenizing the technology of Smerch Rockets, OFB will attain new heights in manufacturing of advanced Rocket.

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